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    1 Reply Latest reply on Oct 19, 2011 4:43 PM by LUCKIEST

    How important are small businesses to the U.S. economy?

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      You're sitting there wondering whether or not now is the best time to start a small business. You have been doing this for the last several years and each year, things seem more and more unstable economically. Eventually, you're wondering if you should give up on the dream and relegate yourself to facing the reality that you are stuck "working for the man" for the rest of your natural life. The answer is a big, fat, resounding, "NO!

       


       

       

      The truth of the matter is that the economy needs small business. According to information from the SBA office of Advocacy Research & Statistics, small firms represent 99.7 percent of all employer firms, employ just over half of all private sector employees and pay 44 percent of the total U.S. private payroll. Furthermore, 52% of small firms are home-based and roughly 2% are franchise-based which shows us that we can start those dreams without having some big, fancy office complex or workspace.

       


       

       

      I personally believe that small business is the backbone our country was founded on and without it, we would not have seen most of the successes and advancements we have seen in our country's lifetime. So, I say keep that dream alive but be smart and responsible. Do the research, crunch the numbers and make smart, well-thought-out choices. Take all the time you need to ensure longevity and stability and then become one of the many important small businesses that keep us going strong!

       


       

       

      If you have questions or you just want to bounce thoughts and ideas off of others already in business or considering making their mark, here is a great place to do it! What are your thoughts, concerns and opinions? Let us know!

       


       

       

      ~Moni